ICI Real Estate

The industrial and commercial real estate market in Niagara, Canada, is experiencing steady growth and attracting investors from various sectors. With its strategic location near major transportation routes and the US border, Niagara offers businesses convenient access to markets and logistical advantages. The region provides a diverse range of industrial and commercial properties, supporting the needs of industries such as manufacturing, logistics, retail, and office spaces.

Property Inventory

 

May 2023

Buildings Inventory SF Under Construction Total Available SF Vacant SF Vacancy Rate Price/SF Rent/SF
Industrial 603 22,437,146 427,604 850,534 224,505 1.0% $126 $0.96
Office 385 5,395,592 0 237,591 182,733 3.4% $233 $2.18
Retail 2115 24,766,416 294,207 546,572 274,458 1.1% $231 $1.62

 

Properties For Sale

Buildings, 2022

Properties Total SF Avg SF Total Price Avg Price Price/SF
Industrial 40 1,271,599 31,790 $124,207,548 $3,105,189 $97.68
Office 30 237,902 7,930 $49,478,450 $1,649,282 $207.98
Retail 114 1,681,645 14,751 $304,830,815 $2,673,955 $181.27

Land, 2022

Properties Total Size (acre) Avg Size (acre) Total Price Avg Price Price/Acre
Industrial 8 269.51 33.69 $43,114,027 $5,389,253 $159,971.90
Commercial 30 308.34 10.28 $96,073,342 $3,202,445 $311,582.48

 

Property Sales

Buildings, 2022

Properties Total SF Avg SF Total Price Avg Price Price/SF
Industrial 40 1,271,599 31,790 $124,207,548 $3,105,189 $97.68
Office 30 237,902 7,930 $49,478,450 $1,649,282 $207.98
Retail 114 1,681,645 14,751 $304,830,815 $2,673,955 $181.27
Land, 2022
Properties Total Size Avg Size Total Price Avg Price Price/Acre
Industrial 8 269.51 33.69 43,114,027 5,389,253 $159,971.90
Commercial 30 308.34 10.28 96,073,342 3,202,445 $311,582.48